EDHECinfra

EDHEC Research Insights

June 9, 2016

Drawing on research from the Meridiam/Campbell-Lutyens research chair at EDHECinfra, we conduct the first large scale empirical analysis of the characteristics of cash flows in private infrastructure firms from the perspective of equity owners and find that infrastructure firms exhibit a truly unique business model compared to a large control group of public and private firms.

On the subject of the cash flow dynamics of private infrastructure project debt, as part of the Natixis research chair at EDHECinfra, we produce new results using a new infrastructure cash ow database.

Our research shows that a powerful statistical model of credit ratio dynamics can provide important insights for the valuation of private credit instruments in infrastructure project finance.